Plus234Feed

Numilk's Shark Tank Journey: $2M Investment Offered by Mark Cuban

Business
Numilk's Shark Tank Journey: $2M Investment Offered by Mark Cuban

Numilk, a plant-based milk company, appeared on Shark Tank in March 2021 seeking a $1 million investment for a 5% stake. Co-founders Ari Tolwin and Joe Savino secured a $2 million investment offer from Mark Cuban for an equity advisory share.

Despite facing losses of $7 million over three years, Numilk showcased its fresh plant-based milk varieties on the show. The company's fiscal records revealed sales figures and losses, with disruptions due to the COVID-19 pandemic in 2020.

The Shark Tank judges, including Barbara Corcoran and Daymond John, declined to invest, while Kevin O'Leary offered the founders $1.

Plus234Feed summary based on reporting from Legit.ng. Read the original report below.

Read full article

Continue on Legit.ng

Visit
Share
Numilk's Shark Tank Journey: $2M Investment Offered by Mark Cuban | Plus234Feed